Price for Electrical Fuses for Under 1000 V in South Africa - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in South Africa (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in South Africa (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in South Africa
- Exports of Electrical Fuses for Under 1000 V in South Africa
Price for Electrical Fuses for Under 1000 V in South Africa (CIF) - 2022
The average import price for electrical fuses for under 1000 v stood at $26 per thousand units in 2022, approximately equating the previous year. In general, the import price showed a perceptible setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $39 per thousand units. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($53 per thousand units), while the price for Brazil ($12 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in South Africa (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $21 per thousand units, increasing by 11% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electrical fuses for under 1000 v increased by +16.4% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 47%. Over the period under review, the average export prices reached the maximum at $22 per thousand units in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($44 per thousand units), while the average price for exports to Angola ($8 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in South Africa
In 2022, approx. 363M units of electrical fuses for under 1000 v were imported into South Africa; increasing by 29% against the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical fuses for under 1000 v skyrocketed to $9.5M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,066 | 1,303 | 2,015 | 2,748 | 37.1% |
| India | 1,175 | 734 | 1,194 | 1,487 | 8.2% |
| Mexico | 535 | 477 | 597 | 1,157 | 29.3% |
| Hungary | 380 | 293 | 414 | 601 | 16.5% |
| Spain | 232 | 261 | 306 | 597 | 37.0% |
| Germany | 529 | 176 | 239 | 320 | -15.4% |
| Taiwan (Chinese) | 258 | 283 | 264 | 261 | 0.4% |
| Slovenia | 147 | 249 | 124 | 248 | 19.0% |
| Philippines | 128 | 96.8 | 167 | 232 | 21.9% |
| Brazil | 99.3 | 108 | 96.5 | 229 | 32.1% |
| Japan | 243 | 197 | 299 | 186 | -8.5% |
| Italy | 305 | 112 | 112 | 185 | -15.4% |
| Others | 1,582 | 887 | 1,572 | 1,209 | -8.6% |
| Total | 6,680 | 5,176 | 7,399 | 9,460 | 12.3% |
Top Suppliers of Electrical Fuses for Under 1000 V to South Africa in 2022:
- China (178.2M units)
- India (40.4M units)
- Mexico (26.1M units)
- Spain (20.2M units)
- Brazil (19.3M units)
- Taiwan (Chinese) (15.3M units)
- Hungary (12.0M units)
- Slovenia (10.3M units)
- Philippines (7.2M units)
- Germany (6.4M units)
- Japan (5.4M units)
- Italy (4.8M units)
Exports of Electrical Fuses for Under 1000 V in South Africa
In 2022, approx. 127M units of electrical fuses for under 1000 v were exported from South Africa; approximately equating the previous year's figure. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 36%. Over the period under review, the exports of hit record highs at 209M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical fuses for under 1000 v rose notably to $2.7M in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. Over the period under review, the exports of hit record highs at $4.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Fuses for Under 1000 V in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 199 | 124 | 418 | 692 | 51.5% |
| Mozambique | 199 | 147 | 181 | 242 | 6.7% |
| Namibia | 221 | 160 | 198 | 236 | 2.2% |
| Botswana | 333 | 223 | 267 | 234 | -11.1% |
| Lesotho | 63.9 | 86.2 | 229 | 233 | 53.9% |
| Zimbabwe | 64.2 | 290 | 114 | 210 | 48.4% |
| Swaziland | 866 | 138 | 221 | 190 | -39.7% |
| Malawi | 21.0 | 26.6 | 79.2 | 136 | 86.4% |
| Ethiopia | 6.0 | 2.3 | 2.4 | 128 | 177.3% |
| Zambia | 108 | 103 | 192 | 111 | 0.9% |
| Netherlands | 1,809 | 0.3 | 0.2 | 1.1 | -91.5% |
| Others | 654 | 415 | 546 | 288 | -23.9% |
| Total | 4,543 | 1,717 | 2,447 | 2,704 | -15.9% |
Top Export Markets for Electrical Fuses for Under 1000 V from South Africa in 2022:
- Botswana (22.1M units)
- Lesotho (21.0M units)
- Democratic Republic of the Congo (15.6M units)
- Swaziland (13.2M units)
- Mozambique (9.5M units)
- Namibia (8.6M units)
- Zambia (7.7M units)
- Zimbabwe (6.5M units)
- Ethiopia (5.1M units)
- Malawi (3.9M units)
- Netherlands (0.1M units)
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